Motor Garth Textile Enterprises Will Be Forced To Close In The Near Future
Recently, Mr. John Haag Leif, vice chairman of the Madagascar duty free Enterprises Association, told local media that the 5 duty-free areas in Madagascar were due to the termination of Madagascar's "Africa Growth and Opportunity Act" (AGOA) by the US government in late December 2009.
Spin
Enterprises will be forced to close down in the near future, and 35000 local employees are expected to be unemployed.
In addition, by the impact of the political crisis broke out in early 2009, duty-free enterprises' orders from the US and Europe decreased by 18% and 5% in 2009 compared with the same period in 2008.
Mr. John said that with the temporary loss of the US market, enterprises in the duty free zone are increasing their efforts to expand the European market. These enterprises hope to reduce the losses caused by the US's suspension of AGOA treatment by expanding the share of the European market.
In December 23, 2009, President Obama declared that he would continue to enjoy the provisions of AGOA in violation of the rule of law and democracy in Madagascar.
Exit
To the United States
Spin
clothing
And other products can enjoy "zero tariff and quota free" preferential terms.
According to the relevant regulations, if Madagascar's democracy and legal system improved in 2010 and met the US standard, the country would have the right to resume AGOA treatment before the end of 2010.
Madagascar tax-free zone enterprises are mainly engaged in
Spin
clothing
Product processing
Exit
Business.
At present, about 100 thousand local employees work in the duty free zone, of which about 35000 are engaged in the US market.
Spin
Product processing.
According to Mr. John, it is all processed in the duty free zone.
Exit
In the business, the European market accounted for 55%, the United States and Canada accounted for 35%, and the rest of the world accounted for 10%.
- Related reading
- Technology Extension | "Magic Corn Fiber" Can Knit The Magic Costume.
- Technology Extension | Millions Of Golden Spiders Spit Silk Flowers 3 Million 240 Thousand Yuan To Make The Amazing Shawl.
- Market trend | Search For The "Golden Key" &Nbsp Of China'S Dyeing And Printing Industry;
- Market trend | China Has Launched A Climax Of Developing Non-Woven Products.
- Market trend | 鞋企界的新寵兒——PU合成革
- Market trend | Domestic Footwear Enterprises Face The Impact Of Zero Tariff Entry From 40 Countries.
- Market trend | RMB Exchange Rate "Two-Way Fluctuation" &Nbsp; What Impact Does The Domestic Textile Market Affect?
- Market trend | “四大轉(zhuǎn)變”推進(jìn)東方絲綢市場快速發(fā)展
- Market trend | The Assessment Team Once Again Assessed The Qualification Of The National Textile Product Development Base.
- Market network | Only Targeting Suppliers And Clothing Stores With Physical Shops.
- British Retail Sales In January Were The Worst In 15 Years.
- Bosteng Men'S Clothing Settled In Hongqiao Airport Economic Park
- Longbrigs Presents Casual Clothes For Men.
- Topman&Nbsp; Male &Nbsp; 2010 Spring Dress Lookbook
- Neptune Male Fashion Clothing Work Together To Create A Win-Win Situation
- Spring Festival Clothing Consumption Must Pay Attention To Clothing Safety
- 四川省服裝形成地區(qū)特色產(chǎn)業(yè)
- 1月我國紡織品服裝出口情況
- Textile And Garment Industry "Optimistic" Rating
- Ren Ao Recruitment Service Terms